Charity reglstratlon number 1096729
THE GB TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Caladine
Chartered Certified Accountants

THE GB TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustoes
Geoff Booker (Managing Trustee)
Gary Booker
Geraldine Booker
Charlty number
1096729
Prlnclpal addresg
Flat 48, Orvis Court
5 Midway Quay
Eastbourne
BN23 5DF
Indopendent gxamlner
Colin Dadswell FCA FCCA DChA
84 Anglesey Avenue
Hailsham
East Sussex
BN27 3BQ
Bankers
CafBank Limited
Kings Hlll
West Malling
Kent
ME19 4TA
Sollcltors
Mayo Wynne Baxter
3 Bell Lane
Lewes
East Sussex
BN7 1JU

THE GB TRUST
CONTENTS
Page
Trustees, report
Independent examinevs report
ststement of financial activitSes
Ststement of flnancial position
Notes to the financial statement5
6-11

THE GB TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the trust's Trust Deed, the Charities Act 2011 and "Accounts"ng and Reporting
by Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January
20191"
Objectlves and actlvltles
Tha Trust's objectives are to hold the capital and income of the Trust fund upon trust to apply income and all or
such part or parts of the capital for or towards such charitable purposes and objects and to make donations to such
charitable institutions, societies, organisations or bodies established for such charitable purposes (including but
without prejudice to the generality churches) in any part or parts of the worfd at such time or times and in such
manner as the Trustees may in their absolute dlscretion think fit.
Publlc beneflt
The Trustees have paid due regard to guidance issued by the Charity Commission In deciding what activities the
trust should undertake.
Achlevements and performance
During the year. the Trust continued supporting grants towards the Kabubbu Development Project in Uganda.
Financlal review
There was a deficit in the year of £10,234 (2023: surplus of £7,737)- Funds at 31 March 2024 amounted to £18,314
(2023: funds of £28.548).
Rlsk management
The Trustees have assessed the major risks to which the Trust is exposed, and are satisfied that systems are in
place to mitigate exposure to the major risks.
structure, governance and management
The Trust was established by a charitable trust deed on 3 March 2003.
The Trustees who served during the year and up to the date of signatura of the financial statements were:
Geoff Booker (Managing Trustee)
John Caladlne
Gary Booker
Geralding Booker
(Resigned 31 March 2024)
Further Trustees with suitable skills and knowledge of the charitable sector are appointed by the existing Trustees.
Training would not be considered appropriate as only persons with experience of being a trustee would be
appointed.
The day to day managemerrt of the Trust is carried out by Mr Geoff Booker. The Trustees who oversee the charity
meet as necessary from time to time.

THE GB TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Statement of trustees. responsibilities
The Trustees are responsible for preparing the Trustees, Report and the financial ststements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each
financial year which give a true and fair view of the stste of affairs of the trust and of the incoming resources and
application of resources of the trust for that year.
In preparing these financlal statements. the Trustees are requlred to:
select suitable accounting policies and then apply them consistently;
- observe the methods and principles In the Charities SORP;
- make judgements and estimates that are reasonable and prudent.,
state whether applicable accounting stsndards have been followed, subject to any material departures disclosed
and explained in the financial statements. and
prepare the financial statements on the going concern basis unless it Is inappropriate to presume that the charity
will continue in operation.
The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at
any time the financial position of the trust and enable them to ensure that the fsnancial statements comply with the
Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They
are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
The trust OP, report was approved by the Board of Trustees.
Geoff
ooker (Managing Trustee)
Trust••
16 October 2024

THE GB TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE GB TRUST
I report to the Trustees on my examination of the financial statements of The GB Trust (tha trust) for the year ended
31 March 2024.
Responslbllltles and basls of report
As the Trustees of the trust you are responsible for the preparation of the financial statements in accordance with
the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of Ihe trust's financial statements carried out under section 145 of the 2011
Act. In carrying out my examination I hav8 followed all the applicable Directions given by the Charity Commission
under section 145(5)(bl of the 2011 Acl.
Independent examlner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordarce with Accounting
and R&porting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities.. Statement
of Recommended Practice issued on 1 April 2005 which 18 referred to in the extant regulations but has now been
thdrawn.
l understand that this has been done In order for financial statements to provide a true and fair view in accordance
with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the trust as required by section 130 of the 2011 Act: or
the financial ststements do not accord with those records-, or
the financial statements do not comply with the applicable requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the
accounts give a true and fair vi8w which is not a matter considered as part of an independent examination.
I have no concems and have come across no other matters In connection with the examination to whlch attentlon
should be drawn in this report In order to enable a proper understanding of the financial statements to be reached.
J]K
Colln Dadswell FCA FCCA DChA
64 Anglesey Avenue
Hailsham
East Sussex
BN27 3BQ
Dated: 16 October 2024

THE GB TRUST
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrlcted
funds
2024
Unrestrlcted
funds
2023
Notes
Income from:
Donations and legacies
Investments
44,957
334
54,050
153
I i Total Income
Expendlture on:
Charitable activities
45,291
54,203
55,525
46,466
Total expendlture
55,525
46,466
Net Incomel(expendlture) and movement In funds
(10,234)
7,737
Reconclllatlon of fundg:
Fund balances at 1 April 2023
28,548
20,811
Fund balances at 31 March 2024
18,314
28,548
The ststement of financial activits'es includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activitles.

THE GB TRUST
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024
2024
2023
Notes
Current assets
Trade and other receivables
Cash at bank and in hand
10
9,182
11,112
12,550
16,958
20,274
(1.960)
29,508
(960)
Current Ilabllltles
11
Net current assets
18,314
28,548
The funds of the trust
Unrestricted funds
18,314
28,548
18,314
28,548
The financial st*ments were approved by the Trustees on 18 October 2024
Geoff Booker (Managing
Trustee
ustee)

THE GB TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollci8s
Charity informatlon
The GB Trust is a charity governed by a charitable trust deed dated 3 March 2003. The principal address is
Flat 46, Orvis Court, 5 Midway Quay, Eastbourne. BN23 5DF.
1.1 Accounting conventlon
The financial statements have been prepared in accordance with the trust's Trust Deed. the Charities Act
2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK
and Republic of Ireland (FRS 102) {effective 1 January 2019)" The trust is a Public Benefit Entity as defined
by FRS 102.
The trust has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1
not to prepare a Statement of Cash Flows.
The flnanclal statements are prepared in sterllng, whlch is the functional currency of the trust. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accountlng
policies adopted are set out below.
1.2 Golng concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the trust
has adequate resources to continue in operational exist8nce for the foreseeable future. Thus the Trustees
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charltable funds
Unrestricted funds are available for use at the dlscretlon of the Trustees in furtherance of their charitsble
objectives.
Restricted funds ara subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are Set out in the notes to the financial statements.
1.4 Income
Income is recognised when the trust is legally entitled to it after any performance conditions have been met,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the trust has been rK)tified of
the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation
to donations received under Grft Aid or deeds of covenant is recognised at the time of the donation.
1.5 Expendlture
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third party, it is probable that a transfer of economic benefrts will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activty. The costs of each activity are made up of the total of dIr￿t costs and
shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity and
support costs which a￿ not attributable to a single activity are apporb'oned between those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent. and
depreciation charges are allocated on the portion of the asset's use.
Expenditure is included on an accruals basis and includes irrecoverable VAT.

THE GB TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (Contlnued
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-temi liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.7 Flnanclal Instruments
The trust has elected to apply the provislons of Section 11 'Basic Financial Instruments, and Section 12 '0ther
Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the trust's balance sheet when the trust becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the nel amounts presented in the financial statem8nts, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Basic flnancial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially
measured at transaction price including transaction costs and are subsequently carried at amortised cost
using the effective interest method unless th8 arrangement constitutes a financing transaction, where the
transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Financial assets classified as receivable within one year ar8 not amortised.
Baslc flnancial Ilabilities
Basic financial liabilities, including trade and other payables and bank loans are initially recognised at
transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is
measured at the present value of the future payments discounted at a market rate of interest. Financial
liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not. they are presented as non-current liabilities. Trade payables are recognised inrtially at
transaction price and subsequently measured at amortised cost using the effective intarest method.
Derncognition of financlal Ilabllities
Financial liabilities are derecognised when the trust's contractual obllgations expire or are discharged or
cancelled.
1.8 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the trust is demonstrably committed to
terminate the employment of an employee or to provide temiination benefits.
1.9 Taxation
The Trust has charitable status and is exempt from corporation tax on the income it has received.

THE GB TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Critical accounting estimates and judgements
In the application of the trust's accounting policies, the Trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experien￿ and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period. or in the period of the revision and future periods where the revision affects both current and future
periods.
Income from donatlon8 and legacles
Unr8Strlcted Unrestrfcted
funds
funds
2024
2023
Donations and gifts
44,957
54,050
Donatlons and glfts
Grants and Donations
GiftAid Receivable
40,794
4,163
41,500
12,550
44,957
54,050
Income from Investments
Unre8trleted Unrestrlcted
funds
fund8
2024
2023
Interest recelvable
334
153

THE GB TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Expendlture on charitable activities
Charitable
actlvltles
Charitable
activities
2024
2023
Dlrect costs
Grant funding of activities (see note 6)
52,250
45,265
Share of support and governance costs (See not• 7)
Support
Governance
69
1.132
3,275
55,525
46,486
Analysls by fund
Unreslricted funds
55,525
46,466
Grant8 payable
Charltable
actlvltles
2024
Charitable
ath'vities
2023
Grants to institutions..
Quicken Trust
Welcome Baptist Church
Kabbubu Development Project
Matthew Twenty Five Foty
7,170
750
37,345
52,000
250
52,250
45,265
Support costs allocated to actlvltles
2024
2023
Office rates
Governance costs
3,275
1,132
3,275
1,201
nal sed b
Charitable activities
3,275
1,201

THE GB TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs allocated to actlvltles (Continued)
2024
2023
Governance costs comprlse:
Accountancy
Consultancy
Bank charges
1.140
2,000
135
172
3.275
1,132
Employeeg
The average monthly number of employees during the year was:
2024
Number
2023
Number
Totsi
There were no employees whose annual remuneration was more than £60,000.
Taxatlon
The charity is exempt from taxation on its activities because all its income Is applied for charitable purposes.
10 Trade and other recelvable8
2024
2023
Amounts falllng due wlthln one year:
other receivables
9,162
12,550
11 Current Ilabllltles
2024
2023
Trade payables
Accruals and deferred income
1,000
960
960
1,960
960
10-

THE GB TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
12 Unrestrlcted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 Aprll
2023
Incomlng
resources
Resources At 31 March
expended
2024
General fund8
28,548
45,291
(55,525)
18,314
Prevlou8 year:
At 1 Aprll
2022
Incomlng
resourc•8
Resources At 31 March
expended
2023
General funds
20,811
54,203
(46,466)
28,548
13 Related party trnnsactlons
Transactlons wlth related partles
The Trustees received no remuneration and were not reimbursed any expenses in their role as Trustees.
The Trustees donated £17,64512023: £45,000> to the Trust.
Trustee John Caladine's practice, Caladine Limited, received professional fees of £1,140 (2023.. £960).
Trustee Geoff Booker recieved £2,000 for professional fees (2023.. nil).
11